Financial education is a case to explain the risk
01 The gist of the case
The policyholder does not have an insurable interest in the insured, and the insurance contract is not established.
02 Case Introduction
In January 2022, Deng purchased the insurance company's filial piety card accident insurance for his aunt Zhang, and in December 2022, Zhang died in a car accident. After investigation, it was not found that the insured had other beneficiaries, so the insurance company rejected Deng's application and handled the termination on the grounds that the policyholder did not have insurable interests in the insured.
03 Case Analysis
Deng and Zhang are aunts and nephews, and do not have insurable interests as stipulated in the Insurance Law. According to the provisions of the Insurance Law, if the policyholder does not have an insurance interest in the insured at the time of conclusion of the contract, the contract shall be invalid. The insurance company's decision on the non-payment of this case was in accordance with the provisions of the Insurance Law.
04 Case Enlightenment
When purchasing insurance for their dependents, consumers must first be clear about the relationship between themselves and the insured, and read the terms of the insurance carefully, so as not to be unable to obtain effective protection due to the invalidity of the contract in the event of an accident.